Bath & Body WorksBBWI
About: Bath & Body Works is a specialty home fragrance and fragrant body care retailer operating under the Bath & Body Works, C.O. Bigelow, and White Barn brands. The company generates most of its business in North America, with just 5% of sales from international markets in fiscal 2023. For fiscal 2023, 74% of sales stemmed from the brick-and-mortar network (which was composed of more than 1,800 retail stores), similar to 2022 levels, as consumer shopping patterns remained to normal. Future growth is expected from store reformatting, digital and international channels, as well as adjacent category expansions like hair and laundry.
Employees: 57,157
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
22% more call options, than puts
Call options by funds: $159M | Put options by funds: $130M
19% more first-time investments, than exits
New positions opened: 82 | Existing positions closed: 69
12% more repeat investments, than reductions
Existing positions increased: 190 | Existing positions reduced: 169
3% more funds holding
Funds holding: 496 [Q1] → 509 (+13) [Q2]
0.66% less ownership
Funds ownership: 96.4% [Q1] → 95.74% (-0.66%) [Q2]
9% less funds holding in top 10
Funds holding in top 10: 11 [Q1] → 10 (-1) [Q2]
23% less capital invested
Capital invested by funds: $10.8B [Q1] → $8.34B (-$2.49B) [Q2]
Research analyst outlook
18 Wall Street Analysts provided 1 year price targets over the past 3 months
18 analyst ratings
Telsey Advisory Group Dana Telsey 44% 1-year accuracy 78 / 176 met price target | 34%upside $42 | Outperform Maintained | 26 Sept 2024 |
Morgan Stanley Kimberly Greenberger 50% 1-year accuracy 3 / 6 met price target | 62%upside $51 | Overweight Maintained | 5 Sept 2024 |
Telsey Advisory Group Dana Telsey 44% 1-year accuracy 78 / 176 met price target | 34%upside $42 | Outperform Maintained | 29 Aug 2024 |
BMO Capital Simeon Siegel 48% 1-year accuracy 10 / 21 met price target | 59%upside $50 | Outperform Reiterated | 29 Aug 2024 |
Goldman Sachs Kate McShane 70% 1-year accuracy 33 / 47 met price target | 56%upside $49 | Buy Maintained | 29 Aug 2024 |
Financial journalist opinion
Based on 7 articles about BBWI published over the past 30 days